Hubert Senters here.
Let’s take a look at Amat, AMAT is the stock symbol. You can see it is above the cloud. Technically, that is still long. It had a gap up and it rolled over and traded below the turning line, the standard line and now, it’s bouncing back above the standard line headed towards the turning line so I’m going to use these colors.
It went to the yellow to the purple. Now, it’s back above the purple headed back towards the yellow. If it can get back above $59.29 which acts like it’s going to. It will probably take out these most recent highs and go a little bit higher.
An easy way to figure out kind of where to go is just going to use this low here and then that high right there and then this low right here. And then obviously, the targets will be $61.42, $65.06, $68.71 and $70.96.
Mark Helweg is going to be doing a special webinar on “How to Potentially Profit from Huge Market Moves’’ without predicting the direction Tuesday, November 26th at 8PM EST. I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.